Stansberry Frank Porter's Form 4 filing
Marketwise, Inc. (MKTW) · filed Aug 24, 2023
- Accession no.
- 0001871335-23-000007
- Filed
- Aug 24, 2023
- Trade date
- Aug 22-24, 2023
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Not checked
This filing lists 5 non-derivative transactions and 1 derivative transaction. Open-market sales total $178.4K. It was filed 2 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Stansberry Frank PorterCIK 0001871335 | 10% Owner |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Aug 22, 2023 | Class B Common Stock | JOtherDisposed | −500,000 | –F1 | – | 61,497,571 | Direct | |
| Aug 22, 2023 | Class A Common Stock | JOtherAcquired | +500,000 | –F1 | – | 3,351,014 | Direct | |
| Aug 22, 2023 | Class A Common Stock | SSaleDisposed | −32,547 | $1.49 | −$48,495.03 | 3,318,467 | Direct | |
| Aug 23, 2023 | Class A Common Stock | SSaleDisposed | −36,000 | $1.44 | −$51,840 | 3,282,467 | Direct | |
| Aug 24, 2023 | Class A Common Stock | SSaleDisposed | −55,000 | $1.42 | −$78,100 | 3,227,467 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Aug 22, 2023 | Class A Common Stock | CConversionDisposed | −500,000 | –F1 | – | 61,497,571 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
The Reporting Person originally received Common Units and Class B Common Stock as consideration for LLC units of MarketWise, LLC in connection with the Business Combination Agreement, as defined and described in the Issuer's prospectus filed with the Securities and Exchange Commission on July 1, 2021. The Common Units are redeemable for shares of Class A Common Stock on a one-for-one basis at the option of the holder. Upon the redemption of any Common Units, a number of Class B Common Stock equal to the number of Common Units that are redeemed are cancelled by the Issuer for no consideration. On August 22, 2023, the Reporting Person redeemed 500,000 Common Units for Class A Common Stock on a one-for-one basis. As a result of the redemption, 500,000 Class B Common Stock beneficially owned by the Reporting Person were cancelled and the Reporting Person acquired 500,000 Class A Common Stock.
Referenced by the price of 2 transactions in Table I and 1 transaction in Table II.